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Fundamental Analysis
Fundamental updates by Solid ECN
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[QUOTE="SOLIDECN, post: 213459, member: 80239"] [HEADING=1][JUSTIFY]EURUSD -The euro returns to declining[/JUSTIFY][/HEADING] [JUSTIFY]The European currency is falling, retreating after an active corrective growth the day before, when quotes retreated from record lows. The reason for the strengthening of the downtrend was mainly technical factors, as well as the prospect of foreign exchange interventions by regulators. In turn, the news background remained quite pessimistic, which did not allow the "bulls" to develop an uptrend. In particular, Gfk Group's Consumer Confidence Index, published yesterday in Germany, corrected from -36.8 points to -42.5 points in October. In addition, the index of Economic Expectations in Switzerland in September from the Center for European Economic Research (ZEW) fell from -56.3 points to -69.2 points. [img]https://i.ibb.co/zsFp7qG/eurusd-1.png[/img] The focus of investors today will be a block of data on the level of Consumer Confidence and Economic Sentiment in the euro area for September. Also, during the day statistics on the dynamics of inflation in Germany is expected to be released: the figure may accelerate sharply from 7.9% to 9.4% in September. [img]https://i.ibb.co/ykWJbxZ/eurusd-2.png[/img] According to Bloomberg, the EU states intend to postpone the final decision on the issue of setting a price limit for Russian "black gold". Earlier it was predicted that the amendments could be part of another package of sanctions against the Russian economy, which is likely to target specific sectors such as aviation, as well as affect the export of technologies for industry. In particular, it was not possible to obtain unanimous approval of all EU member states: among those who expressed disagreement, Bloomberg names Cyprus and Hungary. Against this backdrop, the region's authorities are discussing other sanctions policy options against Russia, which include control over the supply of diamonds and a ban on the export of certain products made from steel and wood. [B]Resistance levels[/B]: 0.97, 0.975, 0.98, 0.985 | [B]Support levels[/B]: 0.9600, 0.9534, 0.945, 0.94[/JUSTIFY] [/QUOTE]
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